Vestcor Inc Sells 25,287 Shares of Buckle, Inc. (The) $BKE

Key Points

• Vestcor Inc. reduced its stake in Buckle by 37.4%, selling 25,287 shares in the quarter and now holds 42,259 shares worth about $2.48 million (~0.08% of the company).
• Other institutions such as AQR and Millennium increased their positions recently, and institutional investors collectively own about 53.93% of Buckle's stock.
• Analysts have an average rating of "Hold" with an average target price of $55.00, though recent notes are mixed (including one upgrade to Buy and several neutral/hold calls).

Vestcor Inc reduced its stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 37.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,259 shares of the company's stock after selling 25,287 shares during the quarter. Vestcor Inc owned approximately 0.08% of Buckle worth $2,479,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Buckle by 9.5% during the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company's stock valued at $3,618,000 after purchasing an additional 8,202 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company's stock worth $704,000 after buying an additional 797 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Buckle by 15.3% in the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company's stock worth $3,815,000 after buying an additional 13,189 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock worth $25,000 after buying an additional 617 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Buckle by 3.8% during the second quarter. Bank of Montreal Can now owns 7,699 shares of the company's stock worth $349,000 after acquiring an additional 282 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Buckle in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Finally, UBS Group reiterated a "neutral" rating on shares of Buckle in a research report on Friday, January 9th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $55.00.

Buckle Stock Up 0.4%

NYSE BKE opened at $50.38 on Wednesday. The stock's 50 day moving average is $52.51 and its 200 day moving average is $55.24. The firm has a market capitalization of $2.58 billion, a PE ratio of 12.35 and a beta of 1.17. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.69.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.

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